Virgin Money has reduced its buy-to-let mortgage rates as part of a new range of mortgages. It is launching a new buy-to-let mortgage range, with rates reduced by up to 0.9 per cent, and two-year fixed rates are available from Read more…
One-fifth of Britons are overpaying every month on their mortgage repayments, according to Santander. This equates to 2.5 million people, who each overpay an average of £181 a month – meaning collectively they are paying £455 million a month on Read more…
Nearly two thirds of first-time buyers are having to depend on family members or loans to help them secure a mortgage, according to research by Clydesdale and Yorkshire Bank. Half of the 63 per cent are relying on their parents Read more…
Over one in three people who rent or have mortgages spend around a third of their disposable income on paying them off, according to a new report. Two housing charities have told a BBC Panorama investigation – which airs tonight Read more…
Santander has revealed that it is to offer a new range of products to cater for larger mortgages again. Customers will be able to apply for loans of up to £2.5 million, with interest rates starting from 2.34 per cent. Read more…
The decision by two mortgage lenders to increase their interest rates on their tracker mortgages is to be looked at by the City watchdog. Both West Bromwich Building Society and Bank of Ireland announced that they would be hiking up Read more…
Mortgage lending is now the highest it has been in the last five years. The Council of Mortgage Lenders (CML) has published its quarterly figures – which show an increase of almost a third compared with the same period in Read more…
Mortgage approvals in the UK last month hit their highest levels since the start of the global financial crisis, according to Bank of England figures. The institution stated lenders approved some 62,226 mortgages in August and this is up from Read more…
Thousands of landlords across the UK have been hit by an increase in the base rate of one of West Bromwich Building Society’s most popular products. Around 6,700 rental property owners who hold buy to let (BTL) mortgages will now Read more…
Business secretary Vince Cable has said the Help to Buy mortgage scheme should not be introduced in January. While the Liberal Democrat wants first-time buyers to have better access to the market, he now believes that the programme might cause Read more…